Nov 23 2008, 11:10 AM
QUOTE(SKY 1809 @ Nov 23 2008, 10:14 AM)
Yes, you are right.
From my past observations, a stock needs to stabilise after FF has almost pulled out of this stock. Then, it is a better time to buy.
Having say that, it is my personal opinion that it is advisible to avoid political linked stocks at this particular moment.
They certainly need more cashflow, government bail out in term of projects or indirectly using EPF to buy up their shares.
And during the good time, they just privatalise the companies at suppressed share prices ( e.g T.. )
One sad thing, is the colors of the cats ( the management ) still the top priority when selecting the good management to run their companies ( political linked ). Nissan of Japan engages a Brazilian CEO to help them to turnaround their company. It is a good cat that can catch rats that matters most in a Globalised World.
The bottom line is whether you are short term traders or long term investors.
Judge your own.
Got it from another blog.......From my past observations, a stock needs to stabilise after FF has almost pulled out of this stock. Then, it is a better time to buy.
Having say that, it is my personal opinion that it is advisible to avoid political linked stocks at this particular moment.
They certainly need more cashflow, government bail out in term of projects or indirectly using EPF to buy up their shares.
And during the good time, they just privatalise the companies at suppressed share prices ( e.g T.. )
One sad thing, is the colors of the cats ( the management ) still the top priority when selecting the good management to run their companies ( political linked ). Nissan of Japan engages a Brazilian CEO to help them to turnaround their company. It is a good cat that can catch rats that matters most in a Globalised World.
The bottom line is whether you are short term traders or long term investors.
Judge your own.
The reason for Zelan price going down is pretty simple.
The CEO is sacked by the board recently i.e. effective 31/Jan 09. For the interim period the COO KHoo will lead the operations.
CEO is selling his holiding of Zelan (said to be over 35 Million shares) via his investment vehicle Noble Gem Sdn Bhd (NGSB). After all the sell off, CEO still holds about .05% shares.
My guess is that the recent reduction in profits which brought the profit for Q2 to 20 Million is mainly due to the losses in Property sector. This could be the reason that the board let the CEO 'retire'. I reckon that Zelan is a very good share mainly because:
1. Cash pile its holding
2. Very healthy order book -- The indonesian power plant, construction and power plants in Middle East ..
3. Backed by Syed Mukhtar via MMC -- this was the reason Zelan got all the limelight specially on the power plant front and his contacts in middle east are very well known.
Another factor of the stock being battered is the litigation/suit against MMC-Gamuda.
Quote
0.0353sec
0.36
7 queries
GZIP Disabled